INCREASED REVOLVING COMMITMENT ACTIVATION NOTICE

EX-4.48 3 a06-1891_1ex4d48.htm AMENDMENT TO THE CREDIT AGREEMENT DATED APRIL 21, 2005 BETWEEN NSP-MN AND VARIOUS LENDERS

Exhibit 4.48

To: JPMORGAN CHASE BANK, N.A., as Administrative Agent

Reference is hereby made to the Credit Agreement, dated as of April 21, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Northern States Power Company, a Minnesota corporation (the “Borrower”), the Lenders party thereto, the Documentation Agents and Syndication Agents named therein and JPMorgan Chase Bank, N.A., as administrative agent for the Lenders (in such capacity, the “Administrative Agent”). Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

This notice is the Increased Revolving Commitment Activation Notice referred to in the Credit Agreement, and the Borrower and each of the Lenders party hereto hereby notify you that:

1. Each Lender party hereto agrees to make or increase the amount of its Revolving Commitment to the amount set forth opposite such Lender’s name on the attached Schedule 1under the caption “Increased Revolving Commitment Amount”.

2. The Increased Revolving Commitment Closing Date is October 31, 2005.

3. The Borrower hereby represents and warrants that no Default or Event of Default has occurred and is continuing as of the date hereof and no Default or Event of Default will exist after giving effect to the increase specified herein.

NORTHERN STATES POWER COMPANY, a Minnesota corporation


By:	/s/ George E. Tyson, II
	Name:	George E. Tyson, II
	Title:	Vice President and Treasurer

Schedule 1

Increased Revolving Commitment Amount	Amarillo National Bank

$6,000,000.00
	By:	/s/ Craig Sanders
		Name:	Craig Sanders
		Title:	Executive Vice President

Increased Revolving Commitment Amount	BNP Paribas

$18,000,000.00
	By:	/s/ Mark A. Renaud
		Name: Mark A. Renaud
		Title: Managing Director


	By:	/s/ Francis J. DeLaney
		Name: Francis J. DeLaney
		Title: Managing Director

Increased Revolving Commitment Amount	Bank of America, N.A.

$20,000,000.00
	By:	/s/ Michelle Schoenfeld
		Name: Michelle Schoenfeld
		Title: Senior Vice President

Increased Revolving Commitment Amount	Bank of New York

$24,000,000.00
	By:	/s/ Cynthia D. Howells
		Name: Cynthia D. Howells
		Title: Vice President

Increased Revolving Commitment Amount	The Bank of Nova Scotia

$12,000,000.00
	By:	/s/ Thane A. Rattew
		Name: Thane A. Rattew
		Title: Managing Director

Increased Revolving Commitment Amount	Barclays Bank PLC

$20,000,000.00
	By:	/s/ Sydney G. Dennis
		Name: Sydney G. Dennis
		Title: Director

Increased Revolving Commitment Amount	Citicorp USA, Inc.

$20,000,000.00
	By:	/s/ Richard J. Evans
		Name: Richard J. Evans
		Title: Vice President

Increased Revolving Commitment Amount	Commerzbank AG, New York and Grand
	Cayman Branches

$18,000,000.00

	By:	/s/ Andrew Kjoller
		Name: Andrew Kjoller
		Title: Vice President

	By:	/s/ Janet Lee
		Name: Janet Lee
		Title: Assistant Treasurer

Increased Revolving Commitment Amount	Credit Suisse First Boston, acting through
	its Cayman Islands Branch

$20,000,000.00

	By:	/s/ Sarah Wu
		Name: Sarah Wu
		Title: Director

	By:	/s/ Cassandra Droogan
		Name: Cassandra Droogan
		Title: Associate

Increased Revolving Commitment Amount	HSBC Bank USA, National Association

$18,000,000.00
	By:	/s/ Jose Aldeanueva
		Name: Jose Aldeanueva
		Title: Vice President

Increased Revolving Commitment Amount	Harris Nesbitt Financing, Inc.

$20,000,000.00
	By:	/s/ Cahal B. Carmody
		Name: Cahal B. Carmody
		Title: Vice President

Increased Revolving Commitment Amount	JPMorgan Chase Bank, N.A.

$24,000,000.00
	By:	/s/ Peter M. Ling
		Name: Peter M. Ling
		Title: Managing Director

Increased Revolving Commitment Amount	KBC Bank N.V.

$12,000,000.00

	By:	/s/ Eric Raskin
		Name: Eric Raskin
		Title: Vice President

	By:	/s/ Robert Snauffer
		Name: Robert Snauffer
		Title: First Vice President

Increased Revolving Commitment Amount	KeyBank National Association

$20,000,000.00
	By:	/s/ Keven D. Smith
		Name: Keven D. Smith
		Title: Vice President

Increased Revolving Commitment Amount	Lehman Brothers Bank, FSB

$18,000,000.00
	By:	/s/ Janine M. Shugan
		Name: Janine M. Shugan
		Title: Authorized Signatory

Increased Revolving Commitment Amount	Merrill Lynch Bank USA

$18,000,000.00
	By:	/s/ Derek Befus
		Name: Derek Befus
		Title: Vice President

Increased Revolving Commitment Amount	Mizuho Corporate Bank, Ltd.

$18,000,000.00
	By:	/s/ Raymond Ventura
		Name: Raymond Ventura
		Title: Deputy General Manager

Increased Revolving Commitment Amount	Morgan Stanley Bank

$18,000,000.00
	By:	/s/ Daniel Twenge
		Name: Daniel Twenge
		Title: Vice President

Increased Revolving Commitment Amount	Sumitomo Mitsui Banking Corporation

$12,000,000.00
	By:	/s/ David Buck
		Name: David Buck
		Title: Senior Vice President

Increased Revolving Commitment Amount	The Bank of Tokyo-Mitsubishi, Ltd.,
	Chicago Branch

$20,000,000.00
	By:	/s/ Tsuguyuki Umene
		Name: Tsuguyuki Umene
		Title: Deputy General Manager

Increased Revolving Commitment Amount	The Royal Bank of Scotland plc

$20,000,000.00

	By:	/s/ Emily Freedman
		Name: Emily Freedman
		Title: Vice President

Increased Revolving Commitment Amount	U.S. Bank National Association

$12,000,000.00

	By:	/s/ Christine G. Dean
		Name: Christine G. Dean
		Title: Assistant Vice President

Increased Revolving Commitment Amount	UBS Loan Finance LLC

$20,000,000.00

	By:	/s/ Barbara Ezell-McMichael
		Name: Barbara Ezell-McMichael
		Title: Associate Director
			Banking Products Services, US

	By:	/s/ Salloz Sikka
		Name: Salloz Sikka
		Title: Associate Director
			Banking Products Services, US

Increased Revolving Commitment Amount	Wells Fargo Bank, National Association

$24,000,000.00

	By:	/s/ Patrick McCue
		Name: Patrick McCue
		Title: Vice President

	By:	/s/ Jennifer D. Barrett
	Name: Jennifer D. Barrett
	Title: Vice President & Loan Team Manager

Increased Revolving Commitment Amount	William Street Commitment Corporation

$18,000,000.00

	By:	/s/ Mark Walton
		Name: Mark Walton
		Title: Assistant Vice President